Ark Invest CEO Cathie Wood believes stocks are ready to spring upward with easing price pressures and lower interest rates on the horizon.
"In the fourth quarter, as the Fed's dot plot began pointing to much lower interest rates, the bull market in equities broadened dramatically," Wood said in an X post on Thursday evening.
In our view, more price deflation and lower interest rates will activate coiled equities."
She said investors have been flocking to safe havens and cash at a dramatic pace last seen during the 1930s.
"In our view, the search for cash and safety in the equity markets today is as intense as that during the Great Depression in the early 1930s," Wood said in the X post.
Persons:
Cathie Wood, Wood
Organizations:
Federal Reserve